Hike in fuel price begins to have a cascading effect on essentials

Hike in fuel price begins to have a cascading effect on essentials
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Transporters at APMC yards are demanding an increase in the trip rates following diesel price rise .
 
The rise in diesel price by over 6% (around ₹5 a litre) in the State since the beginning of the New Year has already begun to have a cascading effect. The transport cost of essential commodities such as foodgrains and vegetables has shot up, and is expected to be passed on to customer soon.
“When the crude oil prices are relatively low in the international market, we don’t understand why the Union and State governments are increasing taxes and cesses on fuel. An increase of even ₹1 in diesel price will lead to inflation and burden common people,” said G.R. Shanmugappa of the Karnataka State Lorry Owners’ Association. He said the recent rally in diesel prices was already making itself felt. “Our costs are shooting up. While we will pass it on to the traders, they would eventually pass it on to the consumers,” he said.

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